Northland Securities Predicts Higher Earnings for Satellogic

Satellogic Inc. (NASDAQ:SATL) – Research analysts at Northland Securities raised their Q3 2027 EPS estimates for shares of Satellogic in a research report issued on Thursday, May 28th. Northland Securities analyst M. Latimore now expects that the company will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.01). The consensus estimate for Satellogic’s current full-year earnings is ($0.11) per share.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The business had revenue of $6.11 million for the quarter.

Several other brokerages have also commented on SATL. Freedom Capital lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup restated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Satellogic to a “hold” rating in a research report on Thursday, February 19th. Loop Capital set a $4.50 target price on shares of Satellogic in a research report on Wednesday, March 11th. Finally, Cantor Fitzgerald boosted their target price on shares of Satellogic from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.10.

Satellogic Trading Up 0.8%

Shares of SATL stock opened at $9.85 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of -13.13 and a beta of 1.06. Satellogic has a 1-year low of $1.25 and a 1-year high of $12.00. The business’s fifty day moving average price is $7.21 and its 200 day moving average price is $4.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Satellogic by 29.8% in the 1st quarter. Bank of America Corp DE now owns 72,832 shares of the company’s stock valued at $396,000 after purchasing an additional 16,707 shares in the last quarter. MSA Advisors LLC purchased a new position in Satellogic in the 1st quarter valued at about $143,000. Royal Bank of Canada lifted its holdings in Satellogic by 4,052.9% in the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock valued at $2,269,000 after purchasing an additional 406,991 shares in the last quarter. Themes Management Co LLC purchased a new position in Satellogic in the 1st quarter valued at about $121,000. Finally, Renaissance Technologies LLC purchased a new position in Satellogic in the 1st quarter valued at about $6,463,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total value of $727,209.85. Following the sale, the chief technology officer directly owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the completion of the sale, the director owned 10,000,000 shares in the company, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,587,091 shares of company stock worth $100,932,210 in the last three months. Corporate insiders own 51.62% of the company’s stock.

Satellogic Company Profile

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.